Affordable Housing Finance magazine has announced that the West York redevelopment housing project is a finalist for its Readers' Choice Awards for Rural Housing Project of the Year.
1st Source Bank has been pleased to be a partner of the West York project in Walkerton. 1st Source provided financing for the project and assisted in obtaining a Federal Home Loan Bank AHP grant. 1st Source has also had the opportunity to work with the West York residents by providing homebuyer education.
The West York redevelopment housing project involved the purchase of 80 substandard homes, relocation of the renters and homeowners, demolition, construction of 40 new homes and reconstruction of the infrastructure.